Bid prices to farmers, FOB Memphis elevators by truck

Thursday, June 28, 2018

Bids      Change             Basis          Change
Corn       3.6750          UNCH               15N            UNCH
Soybeans   8.7650-8.7950   UP 0.25            9N to 12N      UNCH
SRW Wheat  4.9950-5.0950   UP 10-UP 15        20N to 30N     UNCH to UP 5
Sorghum    5.4200          UNCH               -70Z           UNCH

Contract Bids for New Crop Delivery
Corn       3.6575-3.6675   UP 6.5-UP 0.5      4U to 5U       UP 6 to UNCH
Soybeans   8.8700-8.8900   UP 1.5             -2X to OptX    UNCH
SRW Wheat  NA              NA                 NA             NA
Sorghum    5.7700-5.8600   UNCH               -50Z to -45Z   UNCH

* All bids are $/bu except Sorghum, which is $/cwt.
NA = Not Available  No Comp = No Comparison

Chicago Board of Trade month symbols: F January, G February, H March,
J April, K May, M June, N July, Q August, U September, V October,
X November, Z December
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Monthly Prices for: May 2018

No. 2 Yellow Corn                       4.1830
No. 1 Yellow Soybeans                  10.3294
No. 2 Soft Red Winter Wheat                NA
No. 1 Yellow Sorghum                       NA

Source: USDA-AR Coop Ext Service, Little Rock, AR
        Heather Riley  501-671-2200
        www.ams.usda.gov/mnreports/lr_gr110.txt
        www.ams.usda.gov/LPSMarketNewsPage

1348C      hr